Send us a text

Beyond Retirement Accounts: Building a Flexible Financial Future

In this episode of The Retire Early Retire Now podcast, host Hunter Kelly, a certified financial planner, discusses why traditional retirement accounts like 401ks and IRAs may not be enough for achieving financial freedom. He outlines the limitations of these accounts including contribution caps, early withdrawal penalties, and required minimum distributions. Hunter emphasizes the importance of financial tools like brokerage accounts, HSAs, and real estate for flexibility and tax advantages. He introduces strategies such as the three-bucket approach for optimal asset allocation and tax diversification. The episode also covers creating a balanced financial strategy to ensure both liquidity and growth, helping listeners build wealth beyond traditional retirement accounts.

00:00 Introduction and Today's Topic
01:39 Limits of Retirement Accounts
02:57 Liquidity Issues and Tax Implications
06:12 Life Situations Where Retirement Accounts Fall Short
11:44 Building Wealth Beyond Retirement Accounts
18:21 The Three Bucket Strategy
21:59 Conclusion and Call to Action

Check out the Palm Valley Wealth Management Website
PalmValleywm.com

Check us out on
Instagram
LinkedIn
Facebook
Listen to the Podcast Here!
Apple
Spotify

Send us a text

Achieving Coast Fire: Tom and Jill's Journey to Financial Independence

In this episode of the Retire Early Retire Now podcast, host Hunter Kelly, a certified financial planner, dives into a real-life case study featuring Tom and Jill, a couple who achieved their 'coast fire' number at age 51. Hunter details their journey of disciplined saving, low debt, and intentional financial planning. Tom's 20-year military career and subsequent police department role, combined with Jill's teaching career, allowed them to raise their two daughters while maintaining a modest lifestyle. Their story is a testament to the power of consistent saving and the impact of a well-structured financial plan. Despite facing unexpected challenges such as Jill's cancer diagnosis, their foresight in building an emergency fund and investing consistently ensured they remained financially secure. This episode underscores the significance of having financial flexibility and the peace of mind that comes with it, encouraging listeners to assess their own 'coast fire' status and take steps towards financial independence.

00:00 Introduction to Coast Fire
01:39 Meet Tom and Jill
02:51 The Power of Consistency
06:23 Overcoming Life's Curveballs
08:21 The Importance of a Brokerage Account
12:31 Lessons from Tom and Jill
15:30 Conclusion and Call to Action

Check out the Palm Valley Wealth Management Website
PalmValleywm.com

Check us out on
Instagram
LinkedIn
Facebook
Listen to the Podcast Here!
Apple
Spotify

Send us a text

Mastering Financial Freedom: The Three-Bucket Strategy for Coast FIRE

In this episode of The Retire Early Retire Now podcast, host Hunter Kelly, a certified financial planner, discusses the concept of Coast FIRE (Financial Independence Retire Early) and introduces the three-bucket strategy as a practical approach to achieving financial independence. Hunter explains the importance of balancing short-term security, mid-term flexibility, and long-term retirement independence through the use of three distinct financial buckets: the emergency fund, the brokerage account, and retirement accounts. Each bucket serves a specific purpose, from providing immediate financial security to offering flexibility for early retirement or career changes, and ensuring long-term financial stability. Kelley also shares real-life examples and emphasizes the importance of planning and structuring investments to meet Coast FIRE goals while maintaining financial freedom and security. Listeners are encouraged to leave a five-star review, share the podcast, and reach out to Kelley for personalized financial advice.

00:00 Introduction to Coast FIRE
00:40 The Three Bucket Strategy Overview
02:51 Bucket One: Emergency Fund Essentials
08:24 Bucket Two: The Flexibility of Brokerage Accounts
13:12 Bucket Three: Long-Term Retirement Accounts
17:42 Integrating the Three Buckets
18:51 Conclusion and Final Thoughts

Check out the Palm Valley Wealth Management Website
PalmValleywm.com

Check us out on
Instagram
LinkedIn
Facebook
Listen to the Podcast Here!
Apple
Spotify